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Technology Stocks : Corel--$100 in 1998
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To: Scott Volmar who wrote (2021)3/31/1997 12:16:00 AM
From: Michael Burry   of 2329
 
Scott,

I'm aware of the accounting principle, but thank you for clarifying. My point is this is not inconsistent with Corel's history in its commerce with vendors and retailers. Texts on fundamental analysis stress the importance of history and the relative AR/S ratio vs. analyzing AR/S out of the blue. I do not view this as alarming. From an investors view, if Corel doesn't stir up demand and increased sales with its new products, us longs are all dead in the water anyway.

Re: the market the first duck has fallen and its mate is swooping
back down to investigate -- an easy target. The next few weeks will
be interesting.

Good luck,
Mike
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